Qualcomm Plans $150 Million Startup Fund For India

Roll up, roll up, there’s more funding incoming for startups in India after Qualcomm announced plans to invest up to $150 million in strategic investments in the country.

The chip-maker has a burgeoning portfolio of startup investments worldwide, including 20 or so deals in India, but in Asia it has tended to focus the majority of its investing on China. In announcing its upcoming India fund, the U.S. firm said it’s looking at mobile (of course!), and in particular: hardware, software, commerce, health, location services and retail tech. The capital will be deployed across “all stages,” so we aren’t necessarily just talking about early-stage deals here.

To give some idea of how that shakes out in reality, Qualcomm has invested in Yourstory, a news site focused on stories of entrepreneurship, healthcare tech firm Portea Medical, and digital mapping startup MapMyIndia. That’s quite a diverse mix, and it’ll be interesting to see if that continues when the stakes are amped up.